Thursday, April 28, 2016
Newport Shareholders Give Nod To $897M MKS Instruments Acquisition
Irvine-based laser and photonics company Newport Corporation said today that its shareholders have approved the acquisition of the company by MKS Instruments. The deal--which had been announced in February--is worth $23.00 per share in cash, or a total of $897M. MKS Instruments makes equipment used for semiconductor processing and manufacturing. Newport manufactures lasers, optics, optic-mechanics, and motion controllers.